Streetbeat News

Partnerships

CBSTF

Cannabist Company Holdings Inc. (OTCQX:CBSTF) has announced a partnership with Old Pal to expand cannabis product availability in the U.S., starting with Maryland and Virginia. The collaboration includes Old Pal's 14g Ready to Roll kit and other products like 1g vapes and Palitos pre-roll packs. The partnership aims to enhance consumer experience and market reach. CBSTF's shares were up 1.82% at $0.342 per share at the time of reporting.

Portfolio Pulse from Patricio Liddle

December 01, 2023 | 7:35 pm

AMZN

Amazon has announced securing three launches with SpaceX to support the deployment of its Project Kuiper, a satellite-based internet service. The launches will use SpaceX's Falcon 9 rockets, aiming to provide broadband service to underserved and unserved communities around the world. This collaboration is a significant step for Amazon in the competitive satellite broadband market, where it competes with SpaceX's Starlink service and others.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:32 pm

MSFT

OpenAI has postponed the launch of its custom GPT store until early 2024, according to an Axios report. The store was initially expected to be available sooner, but the delay indicates a shift in OpenAI's timeline for rolling out this service. The custom GPT store is anticipated to allow developers to create and sell their own AI models. Microsoft (MSFT), which has invested in OpenAI, may be affected by this news as it has been closely associated with OpenAI's developments.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:11 pm

ACB

BTI

CBDD

CURLF

OGI

TLRY

German lawmakers are preparing to vote on a marijuana legalization measure, with the Health Minister optimistic about its implementation next year. The measure includes provisions for recreational use, cultivation, and social clubs. However, the Bundesrat, particularly Bavaria, may challenge the reform. U.S. and Canadian cannabis companies like Tilray Brands Inc., Aurora Cannabis Inc., and Curaleaf Holdings, Inc. are well-positioned to capitalize on the German market. CBD of Denver Inc. is expanding in Europe with plans for Cannabis Clubs in Germany. Organigram Holdings Inc. has a supply agreement with Sanity Group GmbH, which also received investment from British American Tobacco and Snoop Dogg's Casa Verde Capital. Cantourage, a Berlin startup, is the first medical cannabis company listed on the Frankfurt stock exchange.

Portfolio Pulse from Jelena Martinovic

December 01, 2023 | 6:35 pm

AMZN

NVDA

Analysts from Oppenheimer, Wedbush, and Morgan Stanley have reiterated positive ratings on Amazon (AMZN) with increased price targets, citing higher e-commerce margins, AWS growth, and a beneficial partnership with Nvidia (NVDA). The collaboration with Nvidia is highlighted as a key factor for Amazon's success in 2024, particularly in the areas of cloud and AI innovations. The AWS re: Invent conference showcased new product announcements and generative AI strategy, which includes Amazon's proprietary chips and Nvidia's technology.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 6:16 pm

EADSY

Airbus SE's subsidiary AALTO HAPS Ltd. is developing high-altitude, solar-powered drones in Kenya to provide communication services and earth observation. The Zephyr aircraft can stay airborne for days and will operate from global bases, starting with Kenya. These drones offer detailed remote observation and connectivity, especially in remote areas. AALTO plans to start operations next year and serve customers from Q3, potentially creating up to 1,000 jobs. The drones operate at a lower altitude than SpaceX's satellite networks.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 5:49 pm

HUBC

Shares of Hub Cyber Security Ltd (NASDAQ:HUBC) surged approximately 30% following the announcement of an expanded collaboration with Blackswan Technologies Ltd. The partnership focuses on providing Confidential Computing cybersecurity solutions to protect critical data in the financial sector. The deal, which includes a three-year term with a possible two-year extension, is expected to generate over $25 million in revenue for HUB within the next 18 months. The company's CSO, Noah Hershcovitz, highlighted the potential for increased customer pipeline in banking and investment sectors.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 5:15 pm

AAPL

PARA

Paramount shares have risen after reports of discussions with Apple about bundling streaming services, indicating potential collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:12 pm

AMZN

Beta Technologies, an electric aerospace company backed by Amazon.com Inc (NASDAQ:AMZN), is expanding in New York with a $41 million investment in Plattsburgh International Airport. The expansion is supported by a $20 million state grant and aligns with New York's zero-emission vehicle investment. It will create 85 jobs and establish a manufacturing and assembly hub for electric aircraft. Beta's recent achievements include a 1,730-mile flight and delivering its first product to the U.S. Air Force. The hybrid aircraft market is expected to grow significantly by 2030.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 5:11 pm

FSR

Fisker Inc (NYSE:FSR) is implementing strategies to increase deliveries, including expanding its real estate footprint and accelerating deliveries in the U.S. and Europe. The company delivered 123 vehicles as of Nov. 30 and opened its first Fisker Lounge in NYC. Fisker partnered with Boxer Property for delivery logistics and is enhancing ownership experiences with upcoming leasing solutions. Discussions are underway to sell emission credits and a pooling agreement is in place in Europe. Fisker plans to introduce new features like improved SolarSky roof and torque split in Q1 2024. The company revised its 2023 production guidance to over 10,000 units, reducing December production to prioritize liquidity and unlock over $300 million in working capital. FSR shares rose 1.90% to $1.61 in premarket trading.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 4:27 pm